Types of loans in India

There are various types of loans you can take in India. However, a lot of people despite having different kind of assets go for personal loan even if they have other options where they can mortgage an existing asset and take a loan at lower interest rate. This happens because majority of us don’t know about different loan options. Loan is a certain amount of money which a borrower takes from the lender with the promise of returning it back within a fixed period of time. A certain amount of interest rate is fixed by the banks for different types of loans as applied by the borrower. The borrower pays back the interest and the money in installments according to the agreement between the two. Banks in India provide many types of loans to help. Process…
Continue Reading

Low Interest Rate Loan Offers in India

Low Interest Rate Loan Offers in India: The dictionary defines a loan as thus, ‘a thing that is borrowed, especially a sum of money that is expected to be paid back with interest’ and rightfully so, our entire civilization is built on the concepts of loaning and paying back. In modern day India, the middle class has emerged as an average marketer’s dream target, the playground for companies that deal in consumer products and consequently, the numero uno customer for the massively available loans. From homes to education, vehicles to vacations, if there is an expenditure angle involved, then there is a loan for it. In terms of sheer volume and popularity, the banks have segregated the concept of loaning into various types. There is the personal loan, and as its name so aptly suggests, is…
Continue Reading


The Credit Information Bureau (India) Ltd, better known as CIBIL, is the premier agency for providing credit reports and scores pertaining to individuals. CIBIL sources financial data of individuals such as loan and credit card information from leading banks and other financial institutions in India. This data is then presented in the form of a CIBIL credit report, also known as a Credit Information Report (CIR). CIBIL was incorporated in 2000 and has continued to expand its presence throughout the country. It is backed by TransUnion International and Dun and Bradstreet, which are major global credit bureaus and agencies. What is a CIBIL score? CIBIL credit score or credit rating is, in short, a 3-digit figure ranging from 300 to 900 points which denotes a person’s credit worthiness. This figure is derived from the CIBIL report…
Continue Reading
Close Menu